(U18) Below 111.940 To Shift Focus.....>

SCHATZ TECHS: (U18) Below 111.940 To Shift Focus Lower

*RES 4: 112.135 High June 21 

*RES 3: 112.134 Bollinger band top 

*RES 2: 112.085 Lows July 2 & 3 now resistance 

*RES 1: 112.062 21-DMA

*PREVIOUS CLOSE: 112.025

*SUP 1: 112.000 Low July 5 

*SUP 2: 111.989 Bollinger band base 

*SUP 3: 111.975 Hourly support June 14, 55-DMA 

*SUP 4: 111.940 High June 13 now support

*COMMENTARY: The contract remains capped ahead of the 21-DMA with pressure on

the 112.000 support. The 111.940-975 support region where the 55-DMA is noted

remains key. Bears need a close below 111.940 to shift initial focus to

111.865-894 where the 100-DMA is located. Bulls continue to look for a close

above 112.085 to gain breathing room and above 112.155 to confirm a shift in

focus back to 112.270-425 where 2018 highs are noted.